v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Rental (including tenant reimbursements) $ 62,890 $ 62,866 $ 131,810 $ 134,563
Other 425 25 501 50
Total revenues 63,315 62,891 132,311 134,613
Expenses:        
Property expenses 7,196 6,867 14,772 14,246
General and administrative expense 7,719 8,626 18,068 17,087
Depreciation and amortization expense 18,799 18,500 37,383 36,891
Impairment loss on real estate 0 0 0 3,527
Total expenses 33,714 33,993 70,223 71,751
Gain (loss) on sale of real estate, net 11,847 0 12,269 0
Income from operations 41,448 28,898 74,357 62,862
Interest and other income 10,752 1,570 17,083 3,183
Interest expense (8,348) (4,444) (14,779) (8,944)
Net income 43,852 26,024 76,661 57,101
Preferred stock dividends (3,187) (878) (5,841) (1,659)
Net income attributable to common stockholders $ 40,665 $ 25,146 $ 70,820 $ 55,442
Net income attributable to common stockholders per share (Note 10):        
Basic (in dollars per share) $ 1.39 $ 0.87 $ 2.43 $ 1.92
Diluted (in dollars per share) $ 1.36 $ 0.86 $ 2.39 $ 1.90
Weighted-average shares outstanding:        
Basic (in shares) 28,443,143 27,924,092 28,218,773 28,098,850
Diluted (in shares) 29,992,248 28,317,693 29,233,929 28,452,111